Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) will exit the Russell 3000E Growth Benchmark. The company will also be removed from several S&P indices. These changes take effect on June 29, 2026.
The removals stem from a broader annual rebalancing of these market benchmarks. The exclusion triggers mandatory selling from index-tracking funds and exchange-traded funds (ETFs). Passive investment vehicles must adjust their portfolios to reflect the new index compositions. This shift may increase stock volatility and pressure the share price in the short term.